The worldwide 2021 forex market is worth $2,409,000,000 ($2.409 quadrillion). $6.6 trillion on average every day is traded on foreign exchange markets. This is significantly higher than the previous analysis done by the Bank for International Settlements (BIS) in 2016 when it was valued at $1.934 quadrillion dollars.
The forex market is the largest financial market in the world in terms of trading volume, liquidity and value. Unlike other markets such as equities, the forex industry is the only financial market with 24/7 availability.
Forex traders are perhaps younger than you’d expect – 27% of forex traders fall into the 18-34 age group. The 35-44 age group represents 28% of traders, while the 45-54 age group accounts for 21% of traders. Only 24% of traders are older than 55, and only 9% are older than 65.
Men account for 89.1% of forex traders – meaning that only 10.9% of traders are women. Only about 15% of forex traders make a profit. 66% of traders make use of daily charts. 41% of traders average between 9 and 20 trades each month. 45% of traders spend 1-2 hours each day trading, while only 14% spend more than 6 hours per day. 31% of traders have been trading for less than a year, and 39% have been trading for 1-3 years. Traders which have been trading for 4-9 years account for 23%, while those that have been trading forex for over a decade account for only 7% of all traders.